Get started

Pitchforks

ALT Coins & Predictive Models IIIf you go back to my previous idea for TOTAL3, you'll see that I had "eye-balled" a pitchfork (downward) to show a channel that I figured we would eventually take. I may not have gotten 100% accuracy on that fork but it was obvious (to me anyway) that we had some serious correction coming. That fork has proven itself after all. So welcome to the next leg of the bear market, even if the plunge protection teams get in there and attempt to prop things up, bear markets are NECESSARY and deep corrections are EXACTLY what we need in order to shake weak projects, weak hands, hopium, hype and all the scams from our midst. What has value is worth paying for and owning, the rest will vanish (assuming a free and generally un-tampered market, which we don't really have) Enjoy the interim relief rally here but don't hold your breath for 90k Bitcoin and ETH, it still pretty much sucks, it's expensive, slow to transact and mostly a pain in the arse to work with. * * * Not Investment advice * * *
CRYPTOCAP:TOTAL3
by FudBox
SPY Bear CaseAMEX:SPY SPY is at a pivotal point. Right underneath the upper parallel of this confirmed Pitchfork . (Purple) This idea is conditional, only if price cannot manage to break out of the Primary Pitchfork . IF..... If SPY can't break above the (Purple) Larger Primary Pitchfork , it's likely to head back down to the Median Line . The (Yellow) Minor Fork shows the potential path. The expected Target is at the Energy Point, $328. Note: Watch for a decline that stops short of the Median Line . This could very well mark the bottom, and become the catalyst for a big rally. (Hagopian Gap) Fat_Fat
AMEX:SPYShort
by Cousin_Fat_Fat
1
XAU/USD Short Term Long - 15m - Pre NY Open - Nov 8 2022Using longer term PF , we see price has respected a major ceiling and used a parallel a higher floor. Waited for price to react as expected once we reached the floor again and entered after price beat the previous high and created structure. The short term PF drawn on the 15m timeframe was also used to better time the buy. We see price breaking the major ceiling and retest with confirmation giving us confidence that we could be breaking out soon. Impulse buys executed once it was obvious that price is likely to break the ceiling after testing a floor on the purple PF .
OANDA:XAUUSDLong
by MisterPitchfork
XRP | Stick a Fork in it :)So we've still got a longer term uptrend and Fibonacci channels seem to be holding fast and true. We still have a pretty strong forecast for a golden cross (50 EMA up over 200 EMA). With the recent pump we've got two possible fork situations with the nearest term fork taking us lower but the the broader trend would indicate more room for higher levels. I like the idea of a stop entry buy if this breaks into the upper 1.618 Fib channel and then topping around 0.70 . . let's see what happens. We're double toppy at the moment but again, let's look at broader momentum. Remember, XRP has a tendency to dump hard after pumps so always DCA / split your stash and be super careful with leverage. XRP is like dynamite so handle with CARRRRRE :O * * * not investment advice * * *
by FudBox
7
BTC Possible Middle Term Scenario (Rev) Some errors and issues in precision are addressed. No change in fundamental concepts. The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the bullish move after the breakout. Long until December, and maybe short (in January) at the 33k-34k zone. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view because the bullish dragon in the related idea now seems to have been in action. The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci. To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Long
by jackrabbitrage
Long Crude Oil - 4x Energy Point + FibNYMEX:CL1! Long Crude Oil. Crude is turning up. Momentum has been building Bullish Divergence since June! The daily Ichimoku Cloud has just shown a "Buy" signal, and the Weekly MACD is about to cross the signal line. (Screenshot below) In addition, price is just breaking out from an Inverted Head & Shoulders Pattern. (Screenshot below) After perfectly testing the lower-bound of the Primary Red Pitchfork, price has broke above the (purple) descending trendline that held price from July through October. The next logical path of price is back to the Median Line of the Primary Red Fork. I plotted a minor Modified Schiff Pitchfork (Yellow), to show a potential path back to the Median Line. This path just so happens to make a Quadruple Confluence Energy Point with the Trigger-Line of the Green Fork, the 3.0 Linear Extension of the Green Fork, and the Primary Median Line. If that's not enough confluence, the 4x Energy Point is also sitting right at the 0.618 Fibonacci Retracement Level. Long it.... Target $109 - $115 Fat_Fat
NYMEX:CL1!Long
by Cousin_Fat_Fat
1
BTC Possible Middle Term Scenario The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the actual bullish move. Long until December, and maybe short (in January) at 33.5k-34k. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view because the bullish dragon in the related idea now seems to have been active. The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci. To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Long
by jackrabbitrage
CENTER LINE : 2 bearish scenarios Both in in BTC and SPY charts we have Median Lines that worth a check: In BTC prices are now under the 50% upside parallel Median Line and the current move could be a pullback of that level, in that case prices could be headed much lower , the Center Line is under 10K right now. in SPY prices are above the 50% upside parallel but a move back under the 1/2 of the body of the last green candle ( ~373 ) should be seen as an alert to check in case of more downside there to come. Knowing these patterns may help you have a geometrical map of where price are moving and where could be directed in the future. No position just sharing the patterns.
INDEX:BTCUSD
by locatellicharts